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Dec 4, 2012
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six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for million
six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy....
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Nov 26, 2012
11/12
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speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree that changes in social security and medicare. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> reporter: activists on the left are lining up to oppose those reforms, but the president has put them on the tab
speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans...
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Dec 31, 2012
12/12
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is about spending your money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be imported or produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's resolutions that successful people make and actually keep. among them plan vacations now. wake up to the essentials first, check e-mail second. support a cause. find your purpose and go for it. go for it. new year's day marks the 150th anniversary of emancipation proclamation. president obama abraham lincoln's order that declared slaves in this country forever free. the document is once again on display. ron mott has details. >> reporter: showing its age the emancipation proclamation still draws attention. a document whose aim was to you night a country divided by war. >> it's amazi
is about spending your money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be imported or produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's...
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Aug 1, 2012
08/12
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cliff of expiring tax cuts and automatic spending cuts. the compromised deal would have to be approved in september by both houses of congress. >> now to the london summer games and u.s. swimmer michael phelps. he swam his way into the history books tuesday by winning his 19th career olympic medal. phelps picked up his 15th gold medal in the 4x200 meter free style relay after taking silver in the 200 meter butterfly by 0 .05. >> i saw the women's gymnastics, the u.s. got their gold. those fab five will be well known throughout -- i think they're going to be on the "today" show this morning. >> as far as today goes this morning, not too many issues. more of the same unfortunately as we begin our august. the drought map across the country, this has been the big story, the extreme drought and one of the worst our country has seen. on this map of the united states, if you're not colored in in the yellows, oranges or red, you don't have any drought to worry about. but that's really about it. you can go all the way from utah all the way across i
cliff of expiring tax cuts and automatic spending cuts. the compromised deal would have to be approved in september by both houses of congress. >> now to the london summer games and u.s. swimmer michael phelps. he swam his way into the history books tuesday by winning his 19th career olympic medal. phelps picked up his 15th gold medal in the 4x200 meter free style relay after taking silver in the 200 meter butterfly by 0 .05. >> i saw the women's gymnastics, the u.s. got their gold....
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Oct 26, 2012
10/12
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cliff even though it's still two months away. they are betting congress won't act in time so they are cutting back on spending. that could cost the economy six million jobs by 2014. >>> bank of america is one of nine banks being subpoenaed over manipulation. microsoft's surface tablet hits stores today. starting price? $499. retailers are already running low on the holiday season's hottest toys thanks to a surge in lay aways. the leap pad 2 and hot wheels are popular choices. >>> tom hanks unleashes a big one. >>> plus some scary moments as a sering line drive nails doug fister right in the head. sports is next. you're watching "first look" on msnbc. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need f
cliff even though it's still two months away. they are betting congress won't act in time so they are cutting back on spending. that could cost the economy six million jobs by 2014. >>> bank of america is one of nine banks being subpoenaed over manipulation. microsoft's surface tablet hits stores today. starting price? $499. retailers are already running low on the holiday season's hottest toys thanks to a surge in lay aways. the leap pad 2 and hot wheels are popular choices....
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Dec 24, 2012
12/12
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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Dec 24, 2012
12/12
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some spending less this holiday this season as the fiscal cliff nears and others buying guns as that intensifies. fresh off a demand for armed guards in school, nra's wayne lapierre remained defiant in his one and only interview with david gregory. >> if it's crazy for calling for armed police in our schools to protect our children, call me crazy. >> reporter: the nra's leader dismissed calls for weapons bans. >> reporter: americans are responding, some buying weapons. >> i'm here to take advantage of an opportunity to do something about that before it happens. >> reporter: others protesting at gun shops. >> it's just not right. it's just insanity. insanity. >> reporter: back on capitol hill lawmakers address how to address this prickly issue, another stalemate and fiscal cliff negotiation. >> our republican colleagues by refusing to go along with revenues are risking the fiscal cliff. >> i think we're going to fall out of the fiscal tree. there will not be a big deal. >> reporter: confidence in any progress now at a minimum. lawmakers return from their holiday recess on thursday, an
some spending less this holiday this season as the fiscal cliff nears and others buying guns as that intensifies. fresh off a demand for armed guards in school, nra's wayne lapierre remained defiant in his one and only interview with david gregory. >> if it's crazy for calling for armed police in our schools to protect our children, call me crazy. >> reporter: the nra's leader dismissed calls for weapons bans. >> reporter: americans are responding, some buying weapons....
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Sep 11, 2012
09/12
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fiscal cliff. steve handelsman reports from capitol hill. >> reporter: lawmakers in the house and senate are back after a month long break with a pile of urgent business. they are focused first on the election. >> both parties are looking at public opinion polls to see which part of the agendas are popular and unpopular and dramatize them. >> reporter: democrats want a new vote on the paul ryan budget to drive hope he would change medicare. republicans want to phase out solar and wind power subsidies. president barack obama lost money on solyndra. hiking taxes on the rich could raise everyone's rates january 1st and trigger huge defense and social service cuts. the fiscal cliff is getting put off until after election day. the farm bill would help with the drought is partially postponed because republicans are pushing for a cut in food stamps. >> they are asking to balance the budget. >> for people outside and not at work, they are astonished by the fact this congress won't do anything and seems con
fiscal cliff. steve handelsman reports from capitol hill. >> reporter: lawmakers in the house and senate are back after a month long break with a pile of urgent business. they are focused first on the election. >> both parties are looking at public opinion polls to see which part of the agendas are popular and unpopular and dramatize them. >> reporter: democrats want a new vote on the paul ryan budget to drive hope he would change medicare. republicans want to phase out solar...
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Dec 25, 2012
12/12
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congress is expected to come back later this week as america gets closer to the fiscal cliff. some larrymakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter: congress recessed after republicans rejected john boehner's compromise. he proposed letting tax cuts expire for those making over $1 million a year. other republicans say it's time for a deal. >> i agree with him. i don't think we ought to increase taxes on anyone. however, we're now at a point where we're not going to get what we think is right for our economy and our country. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely hope that
congress is expected to come back later this week as america gets closer to the fiscal cliff. some larrymakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter:...
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Dec 11, 2012
12/12
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spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could put the squeeze on their own party. that's the one thing president obama refuses to bend on. otherwise he says he's flexible. >> i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> so are some republicans to save tax breaks for the middle class now and deal with the wealthy later. let's recognize reality, take care of as many people as we possibly can. >> polls show more taxpayers will blame republicans if taxes go up. that's increasing the odds of a year-end deal. >> it's a better than 50/5
spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could...
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Dec 10, 2012
12/12
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stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that takes go up for the wealthy. >> will i accept a deal? >> yes. >> we don't have a lot of cards before year end. we have one house. that's it, the presidency and the senate. it's in the democrat's hands. >> since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, i would get that off the table now so they don't worry about it. >> democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates 2%, you won't generate enough revenue to have meaningful deficit reductions. >> republicans want big spending cuts to programs like medicare and social security. >> we don't want to be back here in another year or ten years answering the same questions. >> reporter: as talks continue on both sides of pennsylvania avenue, americans from main street to wall street wait to see who will blink first. brian moore, nbc news in washington. >>> bad news in afghani
stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that takes go up for the wealthy. >> will i accept a deal? >> yes. >> we don't have a lot of cards before year end. we have one house. that's it, the presidency and the senate. it's in the democrat's hands. >> since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, i would...
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Jul 17, 2012
07/12
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democrats took a hard line yesterday suggesting they are prepared to go over the so-called fiscal cliff and allow those cuts in taxes to take effect if republicans continue to balk at raising taxes on the nation's wealthiest households. >> if we can't get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then i will absolutely continue this debate into 2013 rather than lock in a long-term deal this year that throws middle class families under the bus. >> there was some tough talk from vice president joe biden at the white house yesterday during a briefing on senior's
democrats took a hard line yesterday suggesting they are prepared to go over the so-called fiscal cliff and allow those cuts in taxes to take effect if republicans continue to balk at raising taxes on the nation's wealthiest households. >> if we can't get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then i will absolutely continue this debate into 2013 rather than lock in a long-term deal this year that throws middle class families under the bus....
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May 23, 2012
05/12
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economy could fall off a fiscal cliff early next year. allowing the bush-era tax cuts to expire, combine with automatic spending cuts to take effect january 1st could throw the economy into a recession. with the economy shrinking by 1.3%. this is the first time the cbo has ever predicted a potential recessi recession. but the report argues if congress and the president team up to stop the automatic cuts and tax increases, growth would rise to 4.4%. >>> four secret service employees have decided to fight their dismissals over the recent prostitution scandal in colombia. this morning's "washington post" reports the employees ousted from the agency for engaging in inappropriate conduct with prostitutes at a hotel last month ahead of a presidential visit say they are being made scapegoats for behavior the service has long tolerated. the timing of the charge could not be worse for secret service director mark sullivan. he is scheduled to testify later today before a senate committee. >>> now here's your first look at some of the other news goi
economy could fall off a fiscal cliff early next year. allowing the bush-era tax cuts to expire, combine with automatic spending cuts to take effect january 1st could throw the economy into a recession. with the economy shrinking by 1.3%. this is the first time the cbo has ever predicted a potential recessi recession. but the report argues if congress and the president team up to stop the automatic cuts and tax increases, growth would rise to 4.4%. >>> four secret service employees...
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Dec 14, 2012
12/12
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as fiscal cliff talks continue to drive markets today a new citigroup survey finds an even split on whether congress will reach that agreement on a tax and spending deal before the end of the year. >>> elsewhere, sprint/nextel's offers a $2 million offer to buy clearwire sent the stocks soaring thursday. >>> in other deal news, yahoo! seems to be interested in acquiring the up and coming news app summly, which was apparently launched by a 17-year-old. >>> meanwhile, congress is considering closing a loophole that allows software companies to sell the new cyberstalking apps that allow you to track the whereabouts of a spouse. >>> you may not recognize this man but norman joseph woodland, made your life a whole lot easier. the 91-year-old who invented the bar code. he died on sunday. >>> during a visit to the royal vaults, queen elizabeth asked some experts why nobody saw the financial crisis coming. after hearing it compared to an earthquake that couldn't be predicted her majesty said it seemed more like some people had gotten a bit lax. keeping it simple. >>> the skies may not be friendly o
as fiscal cliff talks continue to drive markets today a new citigroup survey finds an even split on whether congress will reach that agreement on a tax and spending deal before the end of the year. >>> elsewhere, sprint/nextel's offers a $2 million offer to buy clearwire sent the stocks soaring thursday. >>> in other deal news, yahoo! seems to be interested in acquiring the up and coming news app summly, which was apparently launched by a 17-year-old. >>> meanwhile,...